providing payment accounts MONTIFY LTD (United Kingdom) is an electronic money institution authorized and regulated by the Financial Conduct Authority. MONTIFY is focused on providing payment accounts. The company offers business IBAN accounts, personal IBAN accounts, debit cards (coming soon) to natural persons, small businesses, entrepreneurs. In 2023 MONTIFY LTD had total assets of 2.92 mln GBP, and generated net income of -127,796.00 GBP. During 2023 the company had 6 employees in average.
WorldwideFree payment account, App & Card
(*)as stated by the company itself
6 February 2025, by Anna Mileiko
TheBanks.eu has developed a proprietary methodology to assign ratings to payment institutions based on their operating environment, company background, business model, market niche, product range, transparency, customer support and customer sentiment. According to the methodology, MONTIFY LTD is assigned the overall rating 3.73 (good) which is explained in details below.
| Operating Environment | Very Friendly | (4.81) |
| Product Range | Focused | (2.29) |
| Market Niche | Broad | (4.00) |
| Company Background | Average | (3.36) |
| Customer Support | Good | (3.43) |
| Customer Sentiment | Poor | (2.12) |
| Transparency | High | (3.57) |
| Overall Rating | Good | (3.73) |
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TheBanks.eu has also identified the following pros and cons of the company:
Dedicated GB IBAN
Local transfer (UK and EU)
International transfer
Currency exchange
Free subscription
(*)as stated by the company itself
Personal Account is a multi-currency account, allowing the account holder to have funds in the following currencies:
USD (US dollar)
CHF (Swiss franc)
EUR (Euro)
GBP (Pound sterling)
CNY (Renminbi (Chinese) yuan)
SGD (Singapore dollar)
HKD (Hong Kong dollar)
RUB (Russian ruble)
AED (UAE dirham)
CZK (Czech koruna)
DKK (Danish krone)
NOK (Norwegian krone)Payment cards are not offered together with Personal Account.
Dedicated IBANs assigned to Personal Account belong to the United Kingdom.
Personal Account is offered to all countries.
Personal Account is offered with a single pricing plan for all customers.
A payment account for small businesses and entrepreneurs
Multi-currency account in 14 currencies
Get paid and pay your expenses fast with EU, local GB and international payments
Visa for instant business shopping
Merchant services
Remote, easy and fast account opening
Unique GB IBAN
SEPA, BACS, Faster Payment and BACS payments
Increased data protection
Human support
(*)as stated by the company itself
Business Account is a multi-currency account, allowing the account holder to have funds in the following currencies:
USD (US dollar)CHF (Swiss franc)EUR (Euro)GBP (Pound sterling)CNY (Renminbi (Chinese) yuan)SGD (Singapore dollar)HKD (Hong Kong dollar)RUB (Russian ruble)AED (UAE dirham)CZK (Czech koruna)DKK (Danish krone)NOK (Norwegian krone)Payment cards are not offered together with Business Account.
Dedicated IBANs assigned to Business Account belong to the United Kingdom.
Business Account is offered to UK/EU based, other countries.
Business Account is offered with several pricing plans for different customer groups, namely Montify Solid Rock, Sheer Cliff.
MONTIFY is neither registered with the Financial Conduct Authority (FCA) as a crypto asset firm, nor offers any crypto assets services. MONTIFY LTD does not conducts any crypto-related activities.
MONTIFY LTD is not registered with the Financial Conduct Authority as a crypto asset firm.
MONTIFY do not offer crypto assets services.
MONTIFY do not conduct any crypto-related acitivities.
| GBP | 2022 | 2023 | change (%) |
|---|---|---|---|
| Total Assets | 1,847,104.00 | 2,924,569.00 | +58.33% |
| Turnover | 150,424.00 | 193,940.00 | +28.93% |
| Net Income | -193,961.00 | -127,796.00 | -34.11% |
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 136 (-4) |  BNKPro Ltd | 0.01 % | 2.98 mln GBP (-3.54%) |
| 137 (+11) | MONTIFY LTD | 0.01 % | 2.92 mln GBP (+58.33%) |
| 138 |  Volt Technologies Limited | 0.01 % | 2.82 mln GBP |
United KingdomMONTIFY LTD is authorized by the Financial Conduct Authority as a e-money institution (reference number 901069) for issuance of electronic money, distribution and redemption of electronic money, placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions, money remittance; the authorization was granted on 4 August 2020.
MONTIFY LTD is not a bank, it can't collect deposits from public or loan out its clients’ money. Hence, it does not have to participate in deposit guarantee schemes. However, MONTIFY is required to safeguard its customers’ money.
Since January 2021, MONTIFY LTD can not conduct its activities in EEA member states.
MONTIFY LTD is a SWIFT member.
MONTIFY LTD is connected to MasterCard payment card scheme.
London 18 King William Street, EC4N 7BP, London, United KingdomEnglish
United Kingdom
United Kingdom
United Kingdom
United Kingdom
United Kingdom
United Kingdom
